Cato Scholar Statement on Senate Passage of Russia Sanction Bill
Today, the Senate passed the Lindsey O. Graham Sanctioning Russia and Iran Act of 2026 by a vote of 86–11, sending it to the House. The package includes authority for the president to impose tariffs of up to 100 percent on goods from the top five importers of Russian oil and natural gas.
lead
,
Scott Lincicome, vice president for general economics and the Stiefel Trade Policy Center at the Cato Institute, issued the following statement on the bill’s passage:
,
Today is a big and unfortunate step backward for bipartisan efforts to reform a US tariff system that, as we’ve seen repeatedly since 2018, already gives far too much power and discretion to the executive branch. If the policies in this bill become law, the president – and his successor – could impose high and uncertain taxes on Americans importing goods from a wide range of countries, not just a few bad actors. I’m heartened to see a third of the Senate acknowledge the grave risks these proposed tariff powers raise, but there’s clearly more to be done to educate the rest of Congress on why granting the president new and almost-unbridled power to unilaterally tax millions of Americans is a very bad idea.
,
Lincicome is available for interviews on the bill’s tariff provisions, the broader fight over executive trade authority, and what that vote signals about congressional appetite for reform. Please contact Cato PR at pr@cato.org.
Related Commentary:
Source: https://www.cato.org/news-releases/cato-scholar-statement-senate-passage-russia-sanction-bill
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Before It’s News® is a community of individuals who report on what’s going on around them, from all around the world. Anyone can join. Anyone can contribute. Anyone can become informed about their world. "United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
LION'S MANE PRODUCT
Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules
Mushrooms are having a moment. One fabulous fungus in particular, lion’s mane, may help improve memory, depression and anxiety symptoms. They are also an excellent source of nutrients that show promise as a therapy for dementia, and other neurodegenerative diseases. If you’re living with anxiety or depression, you may be curious about all the therapy options out there — including the natural ones.Our Lion’s Mane WHOLE MIND Nootropic Blend has been formulated to utilize the potency of Lion’s mane but also include the benefits of four other Highly Beneficial Mushrooms. Synergistically, they work together to Build your health through improving cognitive function and immunity regardless of your age. Our Nootropic not only improves your Cognitive Function and Activates your Immune System, but it benefits growth of Essential Gut Flora, further enhancing your Vitality.
Our Formula includes: Lion’s Mane Mushrooms which Increase Brain Power through nerve growth, lessen anxiety, reduce depression, and improve concentration. Its an excellent adaptogen, promotes sleep and improves immunity. Shiitake Mushrooms which Fight cancer cells and infectious disease, boost the immune system, promotes brain function, and serves as a source of B vitamins. Maitake Mushrooms which regulate blood sugar levels of diabetics, reduce hypertension and boosts the immune system. Reishi Mushrooms which Fight inflammation, liver disease, fatigue, tumor growth and cancer. They Improve skin disorders and soothes digestive problems, stomach ulcers and leaky gut syndrome. Chaga Mushrooms which have anti-aging effects, boost immune function, improve stamina and athletic performance, even act as a natural aphrodisiac, fighting diabetes and improving liver function. Try Our Lion’s Mane WHOLE MIND Nootropic Blend 60 Capsules Today. Be 100% Satisfied or Receive a Full Money Back Guarantee. Order Yours Today by Following This Link.
| Visits: | 1,830,015,206 |
| Stories: | 8,692,846 |
Whistler Blowers, Insiders
